Money Moves

UK bond markets experienced significant fluctuations on Friday following the announcement that Chancellor Rachel Reeves would not pursue an increase in income tax as part of the upcoming autumn budget. This decision, which was first reported by the Financial Times, emerged amid internal conflicts within the Labour Party and concerns over possible backlash from backbenchers […]

On November 26, the UK government is set to release its budget, during which it may address the high costs associated with the country’s energy system. Recent reports indicate that the Labour Party may significantly reduce funding for home heat pump subsidies, potentially repeating mistakes made by previous administrations. Households are seeking relief from high

Doug McMillon, the chief executive officer of Walmart, will retire in January, transitioning leadership to John Furner, who has been with the company for many years and currently heads the U.S. operations. McMillon, 59, has led Walmart since 2014 and has overseen substantial growth in its online services, as well as a reduction of its

US investment group RedBird Capital has withdrawn its offer to purchase the Daily and Sunday Telegraph for £500 million. This decision follows a prior attempt to acquire the Telegraph that met with opposition from politicians due to the majority funding from Abu Dhabi’s International Media Investments (IMI), which is owned by the Abu Dhabi royal

The debate surrounding the use of credit cards versus debit cards has generated varying opinions, with many questioning whether credit cards are inherently negative while debit cards are viewed as positive. Financial expert Martin Lewis addresses this issue, emphasizing that the reality is more complex than a simple categorization. Credit cards offer benefits such as

Jaguar Land Rover (JLR) has reported a significant financial loss of £485 million for the quarter ending in September, contrasting with a profit of £398 million during the same period last year. The downturn is attributed to a cyber-attack at the end of August, which incapacitated the company’s computer networks and halted production on its

A recent survey conducted by Fair4All Finance has revealed that many Britons are increasingly relying on family and friends for financial support. The survey, which included over 4,000 adults, indicated that 26% of respondents borrowed money from family members and 15% from friends in the current year. Additionally, 25% of those surveyed reported using Buy

UK government borrowing costs have increased following reports that Chancellor Rachel Reeves will not raise income taxes in the upcoming Budget scheduled for 26 November. The yield on 10-year government bonds, also known as gilts, rose from 5.44% to 5.56%, reflecting higher borrowing costs for the government. Financial markets are expressing concern over the government’s

Rachel Reeves has reportedly decided against increasing income tax rates in the upcoming Budget scheduled for November 26, according to the Financial Times. The decision to abandon this plan comes as Prime Minister and Chancellor reconsidered their stance, fearing that raising taxes could provoke backlash from voters and Labour MPs, potentially violating a commitment made

An analysis by The Guardian and Carbon Brief reveals that countries such as China, Saudi Arabia, and the UAE received substantial climate finance, highlighting ongoing financial dynamics in global climate funding. The report, based on submissions to the UN and data from the OECD, indicates that significant amounts of public resources are being allocated to